By NewzTodays Editorial Team | November 4, 2022

If you are an Emirati or an ex-pat, it does not matter. You will have an equal chance of availing of the UAE unemployment insurance scheme, whose subscription will start on January 1, 2023. This will be a kind of social security cover that you will get if you lose a job. What is UAE…

By NewzTodays Editorial Team | November 4, 2022

As the hot winter approaches, EU gas prices have jumped 9 % for December 2022. The gas prices in the EU had been steady earlier due to mild weather. During the trading on Thursday, spot prices for natural gas in the EU exceeded $1,400 per thousand cubic meters which witnessed a rise of 9%, according…

By NewzTodays Editorial Team | November 3, 2022

Does the US dream of reducing Russian gas supplies to Europe come true now that Russia is the EU’s second-largest gas supplier? The United States (US) has been overly optimistic in its demand that Europe cut its reliance on Russian gas supplies. After the United States witnessed a boom in shale and oil discoveries, it…

By NewzTodays Editorial Team | November 2, 2022

Pakistan’s oil sales went up by 9% from the previous month to 1.66 million tons in October 2022. This was mostly due to better access after the floods, the start of the Rabi sowing season, and lower prices compared to the previous month. HSD/MOGAS increased by 37/8% MoM respectively while FO declined by 33% MoM….

By NewzTodays Editorial Team | November 2, 2022

There has been much talk about electric cars that are said to replace fuel-based cars in the world. Amid rising energy prices, the affordably of electric cars is more important than anything else. Recently, energy prices had gone up following covid-19 that affected the entire world. So, electric cars will also need electricity for charging….

By NewzTodays Editorial Team | November 1, 2022

The falling price of coal on the worldwide market may cause electricity rates to drop by up to Rs 1.5 per unit. According to the most recent information available with NEPRA, the cost of producing energy from coal in September 2022 was about Rs. 18/kwh, while the average price of coal was about US$310–320 per…

By NewzTodays Editorial Team | October 31, 2022

According to a government decision made on Monday, oil prices will remain steady for the next two weeks starting on November 1, 2022. Expectations had been made that the government will lower the price of gasoline in response to changes in the price of crude oil globally. The price of gasoline was predicted to decrease…

By NewzTodays Editorial Team | October 31, 2022

Economic Coordination Committee (ECC) on Monday approved Rs 6 per liter increase in margins of oil marketing companies (OMCs). The Ministry of Energy (Power Division) presented a summary of the revision of oil marketing companies (OMCs) margins on petroleum products. After comprehensive discussion, ECC approved the summary in principle and allowed the agreed revised margin…